those countries having currencies whose values tend to vary directly with the rise and fall of the value of the pound sterling.
Why is the secret military base called Area 51? Why not Area 52, or 127?
Located on a remote portion of land along the southern shore of Groom Lake, approximately eighty-three miles northwest of downtown Las Vegas, Nevada, is a top secret U.S. military installation known as Area 51. Since its construction in 1955, a numerical quandary has left many a conspiracy theorist scratching their head and wondering, “What exactly does the ’51’ in Area 51 refer to?” The answer …
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Also called sterling area.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
a group of countries that use sterling as a medium of international payments and sometimes informally as a currency against which to peg their own currencies. For these purposes they deposit sterling balances and hold gold and dollar reserves in the Bank of EnglandAlso called: sterling bloc, scheduled territories
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012